LRCX Trade on Oct 17, 2018 10:20 from jimzey: Tradervue User Stock Trades.

LRCX - Bullish Retest Gap
Date: 17.10.18
Big Picture: SPY opening flat opening at 280.44 after strong previous day, right at the 9ema on the daily and near resistance at 280.82. SPY popped into resistance in opening 15 mins then reversed.

Intraday Fundamentals Stock gapping up 5% on guidance -3% EPS last quarter, -18% this quarter so thinking is that this is better than expected.

Technical Analysis Stock gapping into resistance at 152.50s, showing high lows and looking weak pre-market. Overall trend has been bearish as price has dropped 33% since march. As previous day was green, this is a retest gap so likely to fill the gap (maybe not today but in time).

How the trade was made Stock failed at open, tested VWAP early on, which I missed but I know to wait for a retest. Stock fell to 147.25 lows and got bought up.. checked the chart at saw resistance level at around 151.40s area. Set a stop limit order at 151.32 for 80 shares (risk 152 so share size of 80 = $54.
Took 50 shares at VWAP, then 20 more as it broke through. took last 10 at next dump.

Could have held until higher low on the past piece but happy with the trade.